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Illinois Central Railroad Co. - dated 1950's-60's Illinois Railway Stock Certificate - Available in Orange or Brown

Inv# RS1091   Stock
State(s): Illinois
Years: 1950's-60's
Color: Orange or Brown

Railroad Stock printed by American Bank Note Co. Vignette of two trains with a male figure on each side. Available in Orange or Brown. Please specify color. The Illinois Central Railroad (reporting mark IC), sometimes called the Main Line of Mid-America, was a railroad in the central United States, with its primary routes connecting Chicago, Illinois, with New Orleans, Louisiana, and Mobile, Alabama. A line also connected Chicago with Sioux City, Iowa (1870). There was a significant branch to Omaha, Nebraska (1899), west of Fort Dodge, Iowa, and another branch reaching Sioux Falls, South Dakota (1877), starting from Cherokee, Iowa. The Sioux Falls branch has been abandoned in its entirety.

The IC was one of the oldest Class I railroads in the United States. The company was incorporated by the Illinois General Assembly on January 16, 1836. Within a few months Rep. Zadok Casey (D-Illinois) introduced a bill in the U.S. House of Representatives authorizing a land grant to the company to construct a line from the mouth of the Ohio River to Chicago and on to Galena. Federal support, however, was not approved until 1850, when U.S. President Millard Fillmore signed a land grant for the construction of the railroad. The Illinois Central was the first land-grant railroad in the United States.

The Illinois Central was chartered by the Illinois General Assembly on February 10, 1851. Senator Stephen A. Douglas and later President Abraham Lincoln were both Illinois Central men who lobbied for it. Douglas owned land near the terminal in Chicago. Lincoln was a lawyer for the railroad. Illinois legislators appointed Samuel D. Lockwood, recently retired from the Illinois Supreme Court (who may have given both lawyers the oral examination before admitting them to the Illinois bar), as a trustee on the new railroad's board to guard the public's interest. Lockwood, who would serve more than two decades until his death, had overseen federal land monies shortly after Illinois' statehood, then helped oversee early construction of the recently completed Illinois and Michigan Canal. Read more at https://en.wikipedia.org/wiki/Illinois_Central_Railroad

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Condition: Excellent

A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.
Price: $13.50